Yearly Archives: 2023
November Sees Baltic Dry Bulk Index Soar With Strong Ship Demand
Baltic dry bulk sea freight index surges for sixth straight day, doubling in November to 18-month high.
Overall Index
The overall index .BADI, which factors in...
Implications Of Over Ordered Container Ships
Predicted rise in containerized shipping volumes.
Global trade dynamics are labeled as "globalization with regionalization.”
Carriers to learn from the profitability models of...
Port Hedland’s LNG Expansion Is Aiming For IMO 2050
Pilbara Clean Fuels (PCF) aims to establish an electrified LNG plant in Port Hedland, WA, for LNG marine bunker fuel production.
Oceania Marine...
Bunker Indices Show Modest Decline, Market Remains Unsettled
During Week 48, MABUX's global bunker indices saw a slight decline. The 380 HSFO index dropped to 528.89 USD/MT, VLSFO index decreased to 667.76...
Nordic American Tankers Thrives In Market With Buoyant Growth
Nordic American Tankers (NAT) notes a rising demand for its ships during uncertain times, with a scarcity of tankers observed.
Economic Trends
NAT hasn't loaded...
Genco’s Fleet Upgrade Strategic Vessel With Acquisitions And Sales
Genco Shipping & Trading Limited acquired two modern scrubber-fitted Capesize vessels, Genco Reliance and Genco Ranger, in November 2023.
Strategic Fleet
Genco Shipping & Trading Limited...
Methanol-Powered Fleet Grows, Sparks New Fuel Tank Options
230 ships in service to operate on methanol.
CH3OH benefits as a future marine fuel.
SRC Group introduced Methanol Superstorage.
Methanol as a marine...
Airbus To Renew Its Fleet Of Chartered Vessels With Lower-Emission Ships
Airbus will renew the entire fleet of chartered vessels that transport aircraft subassemblies between production facilities in Europe and the United States with three...
Wärtsilä To Provide Cargo Handling Systems For Four New Gas Carriers
Technology group Wärtsilä will supply the Cargo Handling Systems (CHS) for four new medium gas carrier vessels, expected to primarily carry ammonia. The 45,000...
LR To Class First Newbuild Project For Ammonia-Ready LCO2 Carriers
Capital Gas Ship Management (Capital), Hyundai Mipo Dockyard (HD HMD), and Lloyd’s Register (LR) will work together for the construction of two 22,000m3 low-pressure...